Key Advantage Checking features

Required minimum opening deposit of $50.

$18 Monthly Maintenance Service Charge – Waived for the First 3 Months.

No monthly maintenance service charge when you maintain a $10,000 balance in combined accounts, OR have a KeyBank mortgage automatic payment, OR if you are a Key@Work program member with at least $1,000 in cumulative direct deposits each statement cycle.

No fee for using your KeyBank debit card on purchases.

Mobile Deposit with the KeyBank mobile app for iPhone and Android devices.

Key Privilege Checking features

Required minimum opening deposit of $50.

$25 Monthly Maintenance Service Charge – Waived for the First 3 Months.

No monthly maintenance service charge when you maintain a $25,000 balance in combined accounts, OR have a KeyBank mortgage automatic payment, OR if you are a Key@Work program member with at least $2,500 in cumulative direct deposits each statement cycle.

No fee for using your KeyBank debit card on purchases.

Mobile Deposit with the KeyBank mobile app for iPhone and Android devices.

Free access with Online Banking, mobile apps, and text banking.

Earn points with the KeyBank Relationship Rewards program (no charge to participate).

Take advantage of this KeyBank checking account bonus to earn a $300 cash reward.

Apply for the Barclaycard CashForward™ World MasterCard® to earn a $100 cash bonus after you spend $500 on purchases within the first 90 days after account opening, plus get 1.5% cash back on all purchases with a 5% redemption bonus and no annual fee.

Once you have a Key Bank checking account you can join their relationship rewards program and earn points toward cash back just by opening short-term CDs for example. You can do this up to 3 times in a year. So if you open a CD with $2500 (their minimum) for 7 days you earn points equivalent to $20. When the 7 days are up, you open another CD and then a third. $60 (plus the tiny amount of interest earned) in 3 weeks equals an annual return of 40%. (You can see why they limit this to 3 per year.) They also give points for such things as using online bill pay or making ATM deposits. Naturally they charge fees for all sorts of things, too, but there are ways to avoid fees, and if you’re careful, you can avoid fees and maximize reward points. I have earned over $150 in rewards points since opening an account in September.

This article mentions the hassle-free account, but I thought this offer did not allow you to open the hassle-free account, which has no maintenance fees. With the other accounts you have to do certain monthly activities to avoid the maintenance fees. Can anyone clarify? Thanks.

Hello Mia. You are correct, the Hassle-Free Account is not eligible for this particular promotion at this time. It has been an eligible account for past promotions, and that’s why it appeared in the article, but I have removed it at this time to avoid confusion. Thank you for your comment. Max

I have few questions, hope to get answers here before going for this account opening-

1) I reside in MI state. Hope MI residents can open Key Bank (Key Express Checking) Account ? This question came to my mind because it is mentioned that in the post above “Key Express Checking (this is the basic banking account in New York)”. I hope this bank account is not limited to NY state only. Just curious to know.

2) Only one direct deposit is required of 500$ or more withing 60 days ? or regular direct deposit for 60 days ?

3) Minimum deposit to initiate is 50$, 7$ fees waived off in case deposit 500$ as initial – Is it 500$ initial deposit will waive of the maintenance fees for ever by the time account remains open ? or is there anything else behind this statement ?